MIDEAST STOCKS-Saudi, Qatar extend gains on U.S. stimulus, others retreat | Nasdaq:
Major stock markets in the Gulf were mixed on Thursday, with Saudi Arabia and Qatar extending gains on hopes that a $2 trillion U.S. emergency stimulus package will shore up economic activity across the globe.
On Wednesday, the U.S. Senate unanimously backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the pandemic.
Saudi Arabia's benchmark index .TASI rose 1.5%, with Al Rajhi Bank 1120.SE adding 1.9% and Saudi Basic Industries 2010.SE gaining 2.4%.
Al Moammar Information Systems 7200.SE jumped 6.6%, after receiving a purchase order worth 134.4 million riyals ($35.81 million).
The kingdom reported its second coronavirus death on Wednesday and tightened a nationwide curfew, barring travel in and out of Riyadh, the capital, and the holy cities of Mecca and Medina, as well as movement between all provinces.
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